Boowhoo!!! I want my mommy.....!"Mommy, bog$hit told me bad things and hurt my feelings. I don't want to play with him anymore." Don't worry my little Pumpkin 8), don't pay any attention to that little wee boi and anything he says to you. You're much smarter than than. "But mommy, he says some big baddy called Evergrande will haunt me and come to get me if i don't listen to him". Don't worry child, he's just angry little boi & he's just trying to scare you because he doesn't have too much confidence in himself. Just ignore him and his tantrums my little Pumpkin and be on your way & enjoy the day. "But mommy, what about the baddy Evergrande? Jason & Freddy both killed everyone when they came mommy." Yes i know dear, but that's just F- make U - believe D and only in the movies. Jason nor Freddy will come here dear & neither will that evil Evergrande, they will all stay where they belong in the movies and in Chi......DING DONG*......."Delivery for Missmomo" Who the hell is this rockhound and why does he keep spamming this address with all this garbage? I wonder what this letter says. Open package*. Eewww!!! Notices feces covered letter* Opens letter carefully and reads contents* " LOL??? What does that mean? Continues reading* "I win you lose ROTFLMAOWhileStillRollingDownLikeAFool. Notices something strange on the package besides the awful stench* (sender must have ate some bad tacos at JackIntheBox for a smell like that). Hmmm, this address looks familiar. Honey, do remember where your little play friend bog$hit lives? "Sure do mommy, it's that old scary house near The Clamptons, the one with all the broken windows and dog poop everywhere" But Honey, but do you know the exact address? "Hmmm not sure mommy, but i think it's 3825U Butthurt Drive or something like that" Checks address on package again & confirms 3825U (really) Butthurt Drive*. Pumpkin, do you know if bog$hit has a "friend" which he plays with from time to time or goes over to his house? "Not sure mommy, but i think i've seen somone with him go into the house once or twice". A school friend like you? "No mom, not like me and IM NOT HIS FRIEND so stop saying that!" So who was he sweetie? "Don't know mommy, but he seemed like a dirty old man, wearing dirty pants with holes & slippers, and a big ole white beard. Could be his uncle or sumthing like that. But he wasn't too happy when the dirty old man grabbed his hair and forced him back inside the house. Anywaysss mommy, that's all i saw, can i go now?" Sure my sweet Pumpkin Pie, go play outside and don't talk to strange old men or people you don't know. And stay away from anything your strange little friend bog$hit or his imaginary buddy *ockhound says or does. Ok sweetie? "Yes mommy"
I hope you enjoyed that and learnt some lessons. Now for some more facts to destroy ANY doubts any fool might try to install here or which you might have yourselves. First, let's get this out of the way quickly. Is this a speculative play at this time? Yes, it is so proceed accordingly & within you own risk tolerance. Is it a calculated risk with at least a solid asset behind it AND a very attractive risk/reward possibility? Again, a resounding YES. So take that into consideration before you commit or not.
Now the facts. "Boowhoo there's no smelter anywhere, Evergrande will destroy all and the insiders are trying to dupe us" seems to be the new narratives in these past few days. I will first address the latter, insiders like Palla & their German lenders trying to pull a fast one like *ockhound, or should i say bog$hit or whoever suggests. To me they're probably all the same person making these accusations here. If someone has the most to lose by this not working out & going south now, it's both Palla & the Germans creditors. Are they, the insiders playing games? Yes, with the stock price manipulation over the last few months. And very evident in the last few weeks, with anyone smart & perceptive enough to notice. Are they trying to destroy investor value along with this project? No definitely not, because that would mean shooting themselves in the foot. Too much too gain (and lose) for all involved for this not to work out in the coming months.
Evergrande? Seriously what has this anything to do here, for someone to contiuously spam the board creating FuD about this along with non sequitur arguements. Seriously folks, just lay it to rest with Jason, the stay puff dude, bigfoot anything else along those lines. If it fails it fails, as far as Neveda is concerned, unless they bought some Condos is China i wouldn't worry about it, and neither should you. Anyone who keeps bringing this up here is either butthurt or pi$$sed off about something, mental deficient or unstable in someway or just purely an unhappy fellow waiting to creat miserly for everyone else. Maybe even all of the above, along with imginary friends.
Build it and they will come! That's what i'll say on the smelter issue. What Bog$hit fails to mention is that even though there's no smelter near Ncu, there are sveral in trucking distance in nearbye communities. Of which 3 or 4 i'm currently aware of and possbily another being built in Texas in the future. Some is going to have to feed two hungry giant Tesla operations at both Tesla Giga Nevada & Giga Texas. Do really beleive any opportunist or true capitalist or anyone with a brain & willing to make a fortune will not think about that? Electricfying America will require more copper than what currently is available.
Before i end this post, i will leave you with these figures. As mentioned before, Neveda Copper is heading towards producing about at least 5000tpd in 2022. They confirmed at least 4700tpd recently. Assuming the most conservative figure, ill take 3000tpd. At that rate, that would translate into 1BT of raw ore for 2022. Assuming no smelter for arguements sake and material must handed to third parties to refine. Current refining charges are about $100/T but let's be very conservative and say $200/T. In addtion, most large mines in North America are operating in anywhere from 0-10% margins. The average being between 5%-7%. Being conservative, let's take the very low end of 5%. Current copper prices are at about $9500/t. I'll take $9000/t to be safe. If the company produces, 1BT of raw ore at 80% recovery & at 5% margins, would $75M gross before G&A.
So unless the company is burning through more than 10M/month in G&A, things are looking quite good. And remember folks, ALL the figures i've used are VERY conservative and at the very low end for production & the extreme high end for costs. In other words, bare bones minimum folks. Take THAT to the bank my friends!
Good luck & God speed